IVY HILL DEVELOPMENT CORPORATION (EIN 943257432) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

PAUL CARNEY

Phone

5102875353

Tax Period

2024-01-01 to 2024-12-31

IVY HILL DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $352K in total revenue in fiscal year 2024. Expenses of $542K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $349,160

Investment Income $1,579

Other Revenue $1,259

TOTAL REVENUE $351,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,433

Fundraising Expenses $0

Program Expenses $419,408

Other Expenses $467,311

TOTAL EXPENSES $541,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,998	$347,455	+0.0%
Expenses	$541,744	$550,937	0.0%
Net Income	$-189,746	$-203,482	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$519,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED DANG	PRESIDENT	0.50	Officer Director	$0	$0	$0
RICHARD QUACH	SECRETARY	0.50	Officer Director	$0	$0	$0
KLEIN LIEU	TREASURER	0.50	Officer Director	$0	$0	$0
JANELLE CHAN	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$16,785	$225,516
PAUL CARNEY	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$1,104	$111,681
LINA SHETH	INTERIM CHIEF EXECUTIVE OF	0.50	Officer	$0	$998	$182,498

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$351,998	$541,744	$2,293,374	$-189,746
2023	$347,455	$550,937	$2,374,258	$-203,482
2022	$333,731	$466,847	$2,440,513	$-133,116
2021	$339,192	$441,241	$2,466,040	$-102,049
2020	$309,900	$500,084	$2,460,464	$-190,184
2019	$282,103	$548,949	$2,637,674	$-266,846
2018	$260,585	$443,278	$2,715,769	$-182,693

IVY HILL DEVELOPMENT CORPORATION